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Citibank fraud accused gets two more days in remand
IANS
Last Updated IST

"Puri was produced in court and he has been remanded to two-day police custody," a police officer said.

Sources say police took Puri's custody to trace an iPad that contains important information. Also, he might be taken to Kolkata since he has a home there.

Puri allegedly managed to con companies and high net worth individuals after forging a Securities and Exchange Board of India (SEBI) document that purportedly backed his claims about schemes offering high returns.

He had surrendered to police Jan 30 and was handed a week-long police remand by a special court in Gurgaon the same day.

Working as a relationship manager, he allegedly cheated investors by asking them to deposit money into accounts managed by him, promising to invest it in schemes that offer very high interest within a short span of time.

He was again remanded to six-day police custody Jan 6.

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(Published 12 January 2011, 17:27 IST)